Olam secures $2.09b debt refinancing

It consists of three tranches including a 364-day revolving credit facility of $832.69m.

Food and agri-business firm Olam International Limited and its wholly owned subsidiary Olam Treasury have secured a multi-tranche revolving credit facility aggregating $2.09b (US$1.53b) for the refinancing of its existing loans, an announcement revealed.

The amount consists of three tranches, a 364-day revolving credit facility of $832.69m (US$610m), a 2-year revolving credit facility of $624.51m (US$457.5m) and a 3-year revolving credit facility of $624.51m (US$457.5m).

Also read: Olam bags $724.26m sustainability-linked loan

The lender group includes four senior mandated lead arrangers, which are ABN Amro Bank N.V., the Hongkong And Shanghai Banking Corporation Limited, National Australia Bank Limited and Sumitomo Mitsui Banking Corporation.

It also has 15 mandated lead arrangers including Australia And New Zealand Banking Group, BNP Paribas, BNS Asia, Commonwealth Bank of Australia, DBS Bank, Emirates NBD, ING Bank N.V., Hang Seng Bank, JP Morgan Chase Bank N.A., Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, UniCredit Bank AG and Westpac Banking Corporation.

HSBC has been appointed as facility agent.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia